New Mexico’s largest electric provider, private equity firm propose revised merger terms

The parent company of New Mexico’s largest electric provider and the private equity firm looking to acquire it on Tuesday asked state regulators to approve a revised merger application that company officials say would help the company invest in New Mexico’s aging electric grid and give customers direct rebates. The proposal includes $220 million in

By: Joshua Bowling

Outlets: Source New Mexico

Published: September 15, 2026

Words: 411

Last Updated: 2 days, 19 hours ago

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The parent company of New Mexico’s largest electric provider and the private equity firm looking to acquire it on Tuesday asked state regulators to approve a revised merger application that company officials say would help the company invest in New Mexico’s aging electric grid and give customers direct rebates.

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The draft application, which would require New Mexico Public Regulation Commission approval, says the companies …

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